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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 46,025 $ 56,117
Mortgage-backed securities, at fair value 1,630,575 1,685,998
Due from brokers 32,061 26,754
Financial derivatives–assets, at fair value [1] 13,528 8,792
Reverse repurchase agreements [1] 44,617 81,461
Receivable for securities sold 73,560 21,606
Interest receivable 5,645 5,784
Other assets 523 575
Total Assets 1,846,534 1,887,087
LIABILITIES    
Repurchase agreements [1] 1,589,319 1,597,206
Payable for securities purchased 17,612 3,830
Due to brokers 1,025 489
Financial derivatives–liabilities, at fair value [1] 5,876 1,863
U.S. Treasury securities sold short, at fair value 44,377 81,289
Dividend payable 4,746 4,936
Accrued expenses 911 728
Management fee payable to affiliate 671 725
Interest payable 3,685 3,318
Total Liabilities 1,668,222 1,694,384
SHAREHOLDERS' EQUITY    
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) 0 0
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (12,827,850 and 13,340,217 shares issued and outstanding, respectively) 128 134
Additional paid-in-capital 234,376 240,062
Accumulated deficit (56,192) (47,493)
Total Shareholders' Equity 178,312 192,703
Total Liabilities and Shareholders' Equity $ 1,846,534 $ 1,887,087
[1] In the Company's Consolidated Balance Sheet, all balances associated with the repurchase agreements and financial derivatives are presented on a gross basis.